Big ideas from RMIT’s blockchain three

Chris Berg, Sinclair Davidson and Jason Potts argue the blockchain is about way more than crypto-currencies

They have long explained that “decentralised identity protocols,” can give individuals control of information about themselves, now held by the state, and that creating secure records of direct transactions between individuals will allow people to interact independently, (CMM November 9 2017).

Now they assemble their ideas in a book, Understanding the Blockchain: an introduction to institutional crypto economics. ($65 for the e-edition).

“The invention of blockchain reveals that the cost of trust is endogenous to the institutional technology, and that new institutional technology will change the basic economics of organisation,” they write.

So, what’s it got to do with HE?, you ask?  Heaps. A distributed ledger can give individuals control of their own record of credentials.


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